Austin office occupancy outperforms national average
Austin consistently outperforms the national average for return-to-office efforts. Leading the top 10 metros with an average building occupancy rate of 63.3% (11.5% higher than the national average), the city shows impressive results through January 2024. The latest rankings reflect the city's adaptability to change, showcasing how office occupiers have successfully implemented effective employee-centric strategies to encourage their workforce to return to the workplace, as evident in the steady rise in occupancy over the prior year. Austin's office occupancy reflects the behavior of its occupants, reinforcing the prevalence of the hybrid work model. Fridays consistently experience the lowest occupancy, highlighting employers' embrace of the hybrid work model and the workforce's pursuit of a better work-life balance.
February 27, 2024